Surat Flat Auction 394107: Flat (79.09 sq ft) – Reserve ₹14.55 Lakh (18 Nov 2026)
Verified Listing Upcoming
Property ID: BKN-365577
Property Description
Here is a fresh bank e-auction worth tracking: the Surat flat auction 394107, offered by Indian Bank at a reserve of ₹14.55 Lakh. On offer is a flat in Surat (PIN 394107), with 79.09 sq ft carpet area. The online auction runs on 18 November 2026 (10:00 AM to 5:00 PM) with a reserve price of ₹14,55,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Surat Flat Auction 394107: Key Highlights
- Reserve price: ₹14,55,000 (₹14.55 Lakh)
- EMD: ₹1,45,500
- Bid increment: ₹10,000
- Auction: 18 November 2026, 10:00 AM to 5:00 PM
- Last date for EMD: 18 November 2026, 5:00 PM
- Location: Surat, Gujarat
- Possession: Symbolic
Surat Flat Auction 394107 – Complete Details
| Auction ID | 365577 |
| Bank property ID | IDIB30230913527 |
| Bank | Indian Bank |
| Branch | Salabatapura |
| Property type | Residential – Flat |
| Carpet area | 79.09 sq ft |
| City / District | Surat |
| State | Gujarat |
| PIN code | 394107 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹14,55,000 |
| EMD | ₹1,45,500 |
| Bid increment | ₹10,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Surat
Surat is in Surat district of Gujarat, under PIN code 394107. Gujarat combines a strong manufacturing base with fast-growing cities such as Ahmedabad, Surat, Vadodara and Rajkot, which keeps demand steady for homes, shops and industrial plots. The handling branch is Salabatapura, which is usually the best contact for site visits and local queries.
Is the Surat Flat Auction 394107 Worth It?
At the reserve price, the property works out to about ₹18,397 per sq ft of carpet area – compare this with recent resale rates in Surat before you bid. The EMD of ₹1,45,500 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Surat Flat Auction 394107
- Inspection window: 28 September 2026, 10:00 AM to 17 November 2026, 4:00 PM
- EMD submission opens: 25 September 2026
- Last date for EMD: 18 November 2026, 5:00 PM
- E-auction: 18 November 2026, 10:00 AM to 5:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 365577 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9935390324.
- Pay the EMD of ₹1,45,500 through the BAANKNET wallet before 18 November 2026, 5:00 PM.
- Log in on 18 November 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
Surat Flat Auction 394107: FAQs
What is the reserve price in the Surat flat auction 394107?
The reserve price is ₹14,55,000. Bids below the reserve price are not accepted.
When is the Surat flat auction 394107 scheduled?
The e-auction is on 18 November 2026 from 10:00 AM to 5:00 PM. The last date for EMD is 18 November 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,45,500. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Surat, Gujarat – 394107.
Where can I see the official sale notice?
Search Auction ID 365577 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Gujarat Auctions
- All Indian Bank auction listings
- More flat auctions
- Bank auctions in Gujarat
- Guide: home loan for auction property
Source: Auction ID 365577 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Land Area | 79.09 sq ft |
| Location | Surat, Surat, Gujarat |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 28 Sep 2026Inspection Starts
- 17 Nov 2026Inspection Ends
- 18 Nov 2026Last Date for EMD Submission
- 18 Nov 2026, 10:00 AM to 5:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.